Notes from the readings today
Chemistry

Asking the right questions

-Karthik Gurumurthy

One of the biggest questions that is continually in the forefront of a business owner/managers mind is – how do I become a better owner/leader?

So how do we become better? Not long ago, I had a learning break-through. It was at Vivekananda College and  Prof. S. Sundaram made this comment: “it’s not what you know that will help you, it’s the questions you ask”.

Prof. Sundaram was talking about Analytical Chemistry, but this applies across the board to just about everything.

Questions ignite imaginations, avert catastrophes and reveal unexpected paths to brighter destinations.In Forbes Bunch of entrepreneurs have pitched in their questions which are as follows:

1. How can we become the company that would put us out of business?
2. Are we relevant? Will we be relevant five years from now? Ten?
3. If energy were free, what would we do differently? Or if not energy, then choose another key word that drives your business?
4. What is it like to work for me?
5. If we weren’t already in this business, would we enter it today? And if not, what are we going to do about it?
6. What trophy do we want on our mantle? Is growth most important? Profitability, stability?
7. Do we have bad profits? Some products/services look attractive, but are they taking the company capital and focus away from its main line of business?
8. What counts that we are not counting? What tangible and intangible assets truly differentiate your business  that you currently have no means of measuring?
9. In the past few months, what is the smallest change you have made that has had the biggest positive result? What was it about that small change that produced the largest return?
10. Are you paying enough attention to the partners your company depends on to succeed?
11. What prevents me from making the changes I know will make me a more effective leader?
12. What are the implications of this decision 10 minutes,10 months, and 10 years from now?
13. Do I make eye contact 100% of the time?
14. What is the smallest subset of the problem we can usefully solve?
15. Are we changing as fast as the world around us?
16. If no one would ever find out about my accomplishments, how would I lead differently?
17. Which customers can't participate in our market because they lack skills, wealth, or convenient access to existing solutions?
18. How likely is it that a customer would recommend our company to a friend or colleague?
19. Is this an issue for analysis or intuition?
20. Who, on the executive team or the board, has spoken to a customer recently? What should we stop doing?
21. What are the gaps in my knowledge and experience?
22. What am I trying to prove to myself, and how might it be hijacking my life and business success?
23. What do we stand for- and what are we against?
24. Is there any reason to believe the opposite of my current belief?
25. Do we have the right people on the bus?

Questions can be a great friend. Have an outstanding weekend!

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